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'Growth is over', Ford says of car industry

Pent-up demand has been satisfied, and lower used car prices are drawing some buyers away from new vehicles

GOOD TIMES ARE OVER: Ford's warning has put at centre stage a debate about how much further the long bull market in US vehicle sales has to run.


FORD Motor Co on Thursday declared that the US car industry's long recovery is at an end, sending its stock and those of rival car companies tumbling.

"The growth is over," Ford chief financial officer Robert Shanks told Reuters in an interview. He earlier forecast that US